Dec 5, 2012 4:00am PST
highest level in nearly 15 years. this is according to a new report from the energy information administration. daily production, daily output, averaged almost 6.5 million barrels per day in september, the highest level of oil output in the u.s. since 1998. eia says the increase is mostly due to the extraction process known as fracking, new technology to get oil in every nook and cranny. some coined a phrase saudi america for america's projected energy boom over the next decade. a report from last month from the international energy watchdog says the u.s. could unseat saudi arabia as the world's top oil producer by the year 2020. >>> quick market check this morning, u.s. stock futures are up, fiscal cliff uncertainty could continue to weigh on stocks until it's resolved. we're getting a lot of economic news this week with the jobs report on friday. so i expect to see hurricane sandy was at play in there. >> figuring into that report. looking forward to that. >>> first it was republicans throwing the president's fiscal cliff plan right back at him. now it's the president's turn.
Nov 29, 2012 4:00am PST
. energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. >>> welcome back. some of the top stories this morning. we are following developments happening now in cairo. the u.s. embassy there is closed. no one is being allowed in or out until further notice. protesters are blocking the entrance and clashes are happening nearby. there is no indication that the embassy is under any threat right now. >> now for a third straight day of violence in iraq at least 32 people killed in a series bombings there this morning. three of the bombs went off in mostly shiite communities and a suicide bomber hit a town in central fallujah. sectarian violence has
Nov 30, 2012 4:00am PST
makes us boom for 0 years. we don't have that. energy is great we have a lot of good things and there are things that can help us. it's hard to predict. we can product if that doesn't happen, growth of entitlements just gets worse and worse and something has to give. >> so here you are, you know, perched as professor in beautiful cambridge, massachusetts -- >> it's dark at the moment. >> because of the power outages. nonetheless you're watching this dance, we were just talking to congressman hoyer and he himself said let's get real. there are very real consequences here. we looked at the gdp position yesterday, third quarter was better than anticipated, housing has been up as christine's reported. so those are all great signs thus far but if this thing doesn't work out, it's frightening. >> that's exactly right. i mean it's already hurting the fourth quarter number, and it's going to look worse. businesses don't know what's going to happen. if you were thinking of doing an investment, why would you do it now until you see what's going to happen? there seems like so much posi